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Not willing to let them shine for too long, PayPal has sued Google immediately following the announcement of Wallet, Google's mobile payment service.
According to Bloomberg, the dispute comes as the result of the alleged actions of Osama Bedier, a former PayPal executive that now works for Google. PayPal is accusing Bedier of revealing their trade secrets to Google and major retailers for use when creating Google Wallet.
While PayPal is widely recognized as an e-commerce tool, the company is, in fact, in the process of creating a point of sale system of their own.
In addition, Stephanie Tilenius, another former PayPal executive now at Google, left the company in 2009 and was under contract to not recruit employees. Purportedly, Tilenius had major involvement in Bedier obtaining his position with his current employer.
Will PayPal stop Google Wallet before it even officially launches? It's tough to tell at this point, but you can bet that Google won't go out without a fight.
source
this will be a interesting one to watch.
According to Bloomberg, the dispute comes as the result of the alleged actions of Osama Bedier, a former PayPal executive that now works for Google. PayPal is accusing Bedier of revealing their trade secrets to Google and major retailers for use when creating Google Wallet.
While PayPal is widely recognized as an e-commerce tool, the company is, in fact, in the process of creating a point of sale system of their own.
In addition, Stephanie Tilenius, another former PayPal executive now at Google, left the company in 2009 and was under contract to not recruit employees. Purportedly, Tilenius had major involvement in Bedier obtaining his position with his current employer.
Will PayPal stop Google Wallet before it even officially launches? It's tough to tell at this point, but you can bet that Google won't go out without a fight.
source
this will be a interesting one to watch.